Miami was the most popular destination for Americans looking at property listings in a different metro area to where they currently lived, the report said. Four other Florida cities – Tampa, Orlando, Cape Coral, and North Port-Sarasota – also made it to the top ten.
The report's findings backed trends established during the pandemic, with the rise in remote work driving people to move away from expensive office cities in favor of areas with low taxes, cheap housing, and a sunny climate. "While homes in these places cost considerably more than pre-pandemic, they remain comparatively affordable," Redfin said in the report."The typical home in most of the popular destinations is less expensive than the typical home in the top origins." It noted that, for example, the typical Miami home sold for $485,000 in February and the typical Phoenix home sold for $425,000, compared to $640,000 in New York City.
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